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Engineering Economics

Engineering Economics
Under ordinary simple interest, how many days in one year?

366
360
300
365

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Engineering Economics
A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent?

0.0665
0.0689
0.0612
0.0658

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Engineering Economics
What do you call a one-time credit against taxes?

Tax credit
Revenue credit
Due credit
Credible credit

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Engineering Economics
Which one of the following is included in financial ratios of the firm?

Turnover ratio
All of these
Profitability ratio
Liquidity ratio

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Engineering Economics
What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?

Oligopsony
Oligopoly
Perfect competition
Monopoly

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Engineering Economics
“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the:

Law of supply
Law of diminishing return
Law of supply and demand
Law of demand

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